Good Post @Samscout
My observation is accumulation is still going on.
Based on the chart below, in the next 45 -60 days the share price should be 8-12c higher than today's price which is 345-360 million market cap for a 215K + established producer with 95-100 Million cash in the bank and no debt.
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In the last six months every time the symmetrical triangle has resolved a breakout higher.
Seller come at rising level but buyers overcome sellers in approximately 45-60 days.
Rising support line has been clearly defended and respected most notably so far.
We are now at the cusp of this current triangle resolution. I can't think of any reason why it should break down unless I wake up tomorrow morning to see gold at USD $1200.(Very unlikely)
I am doing nothing with my holdings.
No exit plan so far as I belief higher prices ahead.
All the best Guys.
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Last
$1.90 |
Change
0.030(1.60%) |
Mkt cap ! $2.171B |
Open | High | Low | Value | Volume |
$1.91 | $1.92 | $1.89 | $6.303M | 3.314M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 82778 | $1.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.90 | 114974 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 17632 | 1.895 |
6 | 43816 | 1.890 |
8 | 115285 | 1.885 |
4 | 58466 | 1.880 |
1 | 3993 | 1.875 |
Price($) | Vol. | No. |
---|---|---|
1.900 | 114974 | 13 |
1.905 | 3993 | 1 |
1.910 | 117554 | 12 |
1.915 | 89020 | 5 |
1.920 | 86928 | 9 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
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RMS (ASX) Chart |